ZTE Coughs Up $3 Billion for Network Gear from U.S. Corps.
ZTE today announced that it has signed purchase agreements totaling more than $3 billion for semiconductors and other networking technology from U.S. vendors. ZTE will use semiconductor parts from Qualcomm, Freescale Semiconductor, Texas Instruments, Altera and Broadcom over the next three years. ZTE says the purchases are meant to increase its ties with U.S. companies, as well as to help reduce the time it takes to get products to market. ZTE has made small strides towards increasing its presence in the U.S. market, including recent distribution agreements with Verizon Wireless and MetroPCS, which are selling the ZTE Salute and the ZTE Agent, respectively.
Hands On with the ZTE Axon Phone
ZTE debuted the Axon phone today, a flagship smartphone specifically for the U.S. market.
ZTE to Focus On Fewer Phones for 2015
ZTE has decided to reduce the number of devices it will bring to market during 2015. Rather than flood the market with a range of handsets, ZTE will focus on just a few devices that offer its core experience.
ZTE Takes On Partner to Fund Nubia Business
ZTE today said Suning Rundong has invested $297 million in Nubia Technology. Suning sells electronic goods online in ZTE's home market of China.
ZTE Looking to Appeal Export Ban
ZTE is planning to appeal a ban recently placed on exports, reports Reuters. Last week, the U.S.